Good day, dear investors and colleagues traders!
Your attention an analytical review: #EURUSD / # EURUSD3
• Theme : Trend Change - Time to Sell.
Technical analysis:
H1 (Technical) -H4 (indicative).
The euro changed the bullish trend, as attempts of 1.1400 were unsuccessful, and the local uptrend did not keep the pair at 1.1310.
At the moment, the pair is in the narrow downward channel and in the global downward channel.
Indicative analysis provides the following information:
1. The currency pair is in the neutral zone in terms of overbought / oversold.
2. The price behavior indicator demonstrates that, the price has returned to an adequate zone, in relation to the 4-day trend.
Most Probable Scenarios (Week-2):
I. (Bullish, you need a change in technical conditions).
To implement the short-term bullish scenario, the currency pair needs to gain a foothold above 1.1280, this will allow to count on growth to 1.1350-1.1380 and only in case of steady growth above, you can count on movement to 1.1420, 1.15 and possibly to 1.1580.
II. (Bearish, the most likely scenario).
Zone 1.1260-1.1280 is important from the point of view of the bearish picture, if bull attempts are limited here, the downward trend will continue and the next target will be zone 1.12-1.1190, followed by 1.1140.
Global Variables:
• Volatility: Weekly = 101 points // Monthly = 93 points // Quarterly = 82 points.
(Volatility inversion continues);
• Trends:
SMA (50,100,200) began their growth - from the beginning of the month.
• Range Ratio: 210 points (Decrease from 282 points).
Best regards to followers,
"Wermelgion & Partners"
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Your attention an analytical review: #EURUSD / # EURUSD3
• Theme : Trend Change - Time to Sell.
Technical analysis:
H1 (Technical) -H4 (indicative).
The euro changed the bullish trend, as attempts of 1.1400 were unsuccessful, and the local uptrend did not keep the pair at 1.1310.
At the moment, the pair is in the narrow downward channel and in the global downward channel.
Indicative analysis provides the following information:
1. The currency pair is in the neutral zone in terms of overbought / oversold.
2. The price behavior indicator demonstrates that, the price has returned to an adequate zone, in relation to the 4-day trend.
Most Probable Scenarios (Week-2):
I. (Bullish, you need a change in technical conditions).
To implement the short-term bullish scenario, the currency pair needs to gain a foothold above 1.1280, this will allow to count on growth to 1.1350-1.1380 and only in case of steady growth above, you can count on movement to 1.1420, 1.15 and possibly to 1.1580.
II. (Bearish, the most likely scenario).
Zone 1.1260-1.1280 is important from the point of view of the bearish picture, if bull attempts are limited here, the downward trend will continue and the next target will be zone 1.12-1.1190, followed by 1.1140.
Global Variables:
• Volatility: Weekly = 101 points // Monthly = 93 points // Quarterly = 82 points.
(Volatility inversion continues);
• Trends:
SMA (50,100,200) began their growth - from the beginning of the month.
• Range Ratio: 210 points (Decrease from 282 points).
Best regards to followers,
"Wermelgion & Partners"
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
